European Unemployment Fell in February, Led by Germany, Italy
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European unemployment fell in February as companies from Germany to Italy added workers to meet reviving global demand, offsetting job cuts in debt-burdened Spain.
The 17-nation euro region’s seasonally adjusted jobless rate fell to 9.9 percent from a revised 10 percent in January, the European Union statistics office in Luxembourg said in an e-mailed statement today. At 20.5 percent, Spain had the highest jobless rate and the Netherlands the lowest, with 4.3 percent.